2min chapter

The Compound and Friends cover image

Bearishly Bullish

The Compound and Friends

CHAPTER

What's Driving the Crash?

Don't you think these crashes would have occurred if it was only active managers? Probably be worse. There's not enough room for fees or expenses there on the return. If returns in terms of yields blow out, then all of a sudden there are vigs left for a lot of different types of things to happen.

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